Incorporated in 1989, Power Grid Corporation of India Limited (PGCIL) is Indian government owned, public sector enterprise. PGCIL is in the business of transmission of electric power in India. It owns and operates a large network of transmission lines and infrastructure that constitutes most of India’s interstate and inter-regional electric power transmission system and carries electric power across India.
They are India's principal electric power transmission company. As on September 30, 2013 they owned and operated more than 90% of India’s ISTS which, inter-alia, includes interregional transmission links. They owned and operated 102,109 circuit kilometers of electrical transmission lines and 172 substations with a total transformation capacity of 172,378 MVA.
The object of the issue are to:
1. Carry out the disinvestment of 185,189,014 Equity Shares of 10 each by the Selling Shareholder.
2. Meet the capital requirements for the implementation of certain identified transmission projects ("Identified Projects"); and
3. General corporate purposes.
»» Issue Open: Dec 3, 2013 - Dec 6, 2013
»» Issue Type: 100% Book Built Issue FPO
»» Issue Size: 787,053,309 Equity Shares of Rs. 10
»» Issue Size: Rs. 6,958.64 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 85 - Rs. 90 Per Equity Share
»» Market Lot: 150 Shares
»» Minimum Order Quantity: 150 Shares
»» Listing At: BSE, NSE
Power Grid Corporation of India FPO, Power Grid FPO, PGCIL FPO Bidding, Power Grid FPO Allotment Status, Powergrid drhp and Power Grid Corporation of India Limited FPO listing.
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Shares Offered / Reserved||392,026,655||117,607,996||274,418,658||3,000,000||787,053,309|
|Day 1 - Dec 3, 2013 17:00 IST||0.1100||0.0000||0.0000||0.0000||0.0600|
|Day 2 - Dec 4, 2013 17:00 IST||2.0100||0.0000||0.1600||0.1700||1.0600|
|Day 3 - Dec 5, 2013 17:00 IST||9.0900||0.1200||0.6500||0.4800||4.7700|
|Day 4 - Dec 6, 2013 17:00 IST||9.0900||9.7000||2.1700||1.3100||6.7400|
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